Households saving for college in the U.S. 2020-2022, by household income

Published by
Fernando de Querol Cumbrera,
May 23, 2023
According to a survey conducted in the United States in 2022, 24 percent of households saving money for their children's college education had income of 200,000 U.S. dollars or higher. On the other hand, 22 percent of households saving towards college education had an income lower than 50,000 U.S. dollars.

Distribution of households saving for college in the United States from 2020 to 2022, by household income

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Source

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Release date

May 2023

Region

United States

Survey time period

2020 to 2022

Supplementary notes

Households saving for college are households that own education savings plans (Coverdell ESAs or 529 plans) or that said paying for education was one of their financial goals for their mutual funds.

The source does not provide additional information regarding the survey methodology.

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Statistics on " Saving for college in the United States "

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Overview

7

Savings behavior

5

Demographics

5

529 savings plans

5

Confidence in saving

3

Further related statistics

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Topics

Saving for college in the U.S.College & UniversityUnemployment in the U.S.Personal debt in the U.S.Funding university in the U.S.
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